Okun Enterprises wins auction for Chicago Express.
Okun Enterprises Inc, a real estate investment and management company based in Indianapolis, US, has won the auction for Chicago Express, a commuter airline owned by ATA Holdings Inc.
A federal judge overseeing the airline's bankruptcy had reportedly authorised the auction. The results of the auction were announced by ATA Holdings, but though it is known that six bidders took part in the auction, no details of the winning bid were disclosed, The Associated Press reported.
In addition to the airline, Okun reportedly also agreed to acquire two Saab 340B aircraft from ATA Holdings.
((Comments on this story may be sent to firstname.lastname@example.org))
|Printer friendly Cite/link Email Feedback|
|Publication:||Airline Industry Information|
|Date:||Apr 1, 2005|
|Previous Article:||Cathay Pacific to pay out back payments and adjust wages after court ruling.|
|Next Article:||Man who planned to bomb Los Angeles airport to receive sentence.|